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United States
Enforcement
US and Allies to Cooperate to Displace Russia from Nuclear Energy Market
By Editors | 17/04/2023
The US, UK, Canada, Japan and France will leverage their resources and capabilities to undermine Russia’s grip on supply chains.
Capital / Liquidity
Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries
By Editors | 16/04/2023
UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.
Enforcement
SocGen Agrees to $105m Euribor Rigging Settlement
By Editors | 16/04/2023
If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.
Sanctions
US Commerce Dept Adds 12 Chinese Entities to Entity List
By Editors | 15/04/2023
The entities allegedly acquired or attempted to acquire US-origin items in support of Russia’s military effort.
AML / KYC
US Sentences Man Who Stole Bitcoin from Silk Road to Prison
By Mark Johnston | 15/04/2023
The DOJ said James Zhong executed a scheme to trick Silk Road’s withdrawal system and steal 50,000 Bitcoin in 2012.
AML / KYC
OFAC Sanctions Chinese Entities in Fentanyl Supply Chain
By Editors | 14/04/2023
The Chinese individuals and companies were allegedly involved in supplying drug cartels with ingredients to make opioids for sale in the US.
Capital / Liquidity
FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure
By Manesh Samtani | 14/04/2023
SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.
Sanctions
US, UK Announce Coordinated Sanctions Targeting Russia Facilitators
By Editors | 13/04/2023
US sanctions include International Investment Bank, a Russia-controlled financial institution in Hungary, and three of its current and former executives.
Crypto / Digital Assets
FTX Has Recovered Over $7.3b in Cash & Liquid Crypto
By Editors | 13/04/2023
FTX attorney Andy Dietderich reportedly said the situation has stabilised and “the dumpster fire is out”.
Taiwan FSC Signs Supervisory Cooperation MoU with NYDFS
By Editors | 13/04/2023
The MoU covers information sharing, financial inspections, disciplinary actions, licensing approvals, and confidentiality related to supervisory duties.
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